Index gains 41.74 points

Karachi Stock Exchange (KSE) on Tuesday witnessed renewed buying in various sectors on Tuesday due to better results and the benchmark-100 index gained 41.74 points to close at 18,647.29 points against 18,605.55 points Monday. Commenting on the market performance, Samar Iqbal, an analyst at Topline Securities said on better result announcements from companies and renewed buying interest in Engro Corp, the market closed on positive note.
"UBL, Kapco, Packages PSO, etc, announced their results. Engro Corp closed at its upper cap after closing at lower limit on Monday. However, major activity was witnessed in mid cap stocks where TRG saw 45mn shares volume followed by BYCO and WTCL," she added. On the second day of the new week, the market capitalisation witnessed a jump of Rs 6.29 billion to close at Rs 4.563 trillion from Rs 4.557 trillion. The trading side also closed on positive note and the turnover stood at 171.871 million against 133.709 million shares.
Out of 354 active scrips, 216 companies went up, 120 went down and that of 18 remained unchanged. Unilever Food XD and Nestle Pak XD were the top gainers with share prices increasing by Rs 150.00 and Rs 45.00 to close at Rs 4600.00 and Rs 6025.00, respectively.
Wyeth Pak XD and Colgate Palmolive were the top losers with Rs 65.37 and Rs 58.00 to close at Rs 1313.63 and Rs 1999.00, respectively. Nine companies available in "Top Ten" chart witnessed growth in their share prices and only one company lost its value. TRG Pakistan succeeded to gain the position of "Volume Leader." With an increase of 97 paisa, it closed at Rs 9.61 with a turnover of some 44.94 million shares.
Byco Petroleum also gained 70 paisa to close at Rs 11.05 on some 14.05 million shares. Wateen Telecom netted 35 paisa to close at Rs 4.68 on a volume of some 13.99 million shares. Engro Corporation went up by Rs 4.54 to close at Rs 135.12 on some 11.98 million shares. Maple Leaf Cement gained 56 paisa to close at Rs 18.76 on some 8.69 million shares. Quice Food also gained 68 paisa to close at Rs 10.17 on a volume of some 5.04 million shares.
Jahangir Siddiqui Company regained its strength, moving up by 20 paisa to close at Rs 12.09 with a turnover of some 3.92 million shares. IGI Inv Bank remained on the upper-side. With an increase of nine paisa, it closed at Rs 2.20 on some 3.80 million shares. Inter Steel shed four paisa to close at Rs 14.23 on some 3.14 million shares. The last one among the Top Ten was Pak Elektron which witnessed a positive trend. Moving up by 74 paisa, it closed at Rs 11.64 with a turnover of some 3.11 million shares.